Land Deals · 7 stories
Significant land transactions across Malaysia — acquisitions, disposals and joint-venture land deals that set pricing benchmarks for industrial, commercial and residential land.
DoubleTree Resort by Hilton Penang tendered for Sale (via Tender) at RM250 million — RM791,000 a key
The 316-room Batu Ferringhi resort for sale at RM250 million and the tender closed on 15 August with no outcome announced. The per-key maths looks competitive but it is not a beach…
Frasers Property and Tan & Tan to redevelop 5.15ha former F&N factory site in Section 13, Petaling Jaya
A 5.15-hectare parcel in Section 13 that once held a Fraser & Neave factory is becoming PJ Quarter, a two-phase mixed-use precinct. The deal that brought Tan & Tan in alongside Fra…
Chin Hin buys 2.6-acre Jalan Sultan Ismail site from YNH for RM455 million — about RM4,000 psf
YNH Property is selling a freehold Golden Triangle parcel it has held since 2004 for RM455 million — about 5.9 times its book value, and 9% below an independent valuation. The gap …
YBS International buys the Perai factory it was renting for RM390,600 a month
YBS International’s subsidiary is paying RM23.5 million for the Perai semi-detached factory it already occupies — the second adjoining lot it has bought on the same road, at the sa…
E&O and Majestic Gen to Buy Prime Jalan Kia Peng Site for RM189.9mil
An E&O-led joint venture with Majestic Gen is acquiring a 5,682 sq m freehold site on Jalan Kia Peng in the KLCC precinct for RM189.9mil — about RM3,100 psf — for a premium high-ri…
Ajinomoto’s RM603mil Privatisation — and the Land Trade That Sits Underneath It
Ajinomoto (Malaysia) is being taken private at RM20 a share through a selective capital reduction, repaying minority shareholders RM603.4mil. Days before the board backed it, the c…
Hektar REIT Closes RM30mil Bayan Lepas Factory Buy at a 7.5% Triple-Net Yield
Sixteen months after announcing it, Hektar REIT has completed the RM30mil purchase of a Bayan Lepas Free Industrial Zone factory from MQ Technology unit Microlead Precision — a sal…
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